Cleveland Clinic, which reported net operating income of $32.3 million for the first quarter, is taking out additional credit, according to a June 2 filing.
The $200 million loan will be used for capital projects, working capital needs, administrative processes and for funding general corporate purposes, Cleveland Clinic said.
The 20-hospital system improved its operating income by $136.8 million in its recent results. Overall income totaled $335.5 million for the quarter.